What Next in IL - Blago?
Bear Stearns
Retired cop Bill Neumann was in his Champaign office last summer when he was paid a surprise visit by a Chicago executive with Bear Stearns & Co., the firm in charge of investing $25 million of the Champaign Police Pension Fund that Neumann oversaw.Ya think?
The executive wanted Neumann's permission to "share" some of Bear's $47,000 annual fee with politically connected Champaign developer Peter Fox -- even though Fox, a former Bear Stearns managing director, never had anything to do with the retirement savings of Champaign's police.
All I can tell you is Bear Stearns screwed up -- there were wires crossed. Somebody made a mistake.
former IL state Sen. Richard Luft
1 Comments:
Yeah, people are headed for the hills...especially now with the pension stuff coming out...The rumor/smoke/scuttlebutt/possiblity is that Hurtgen tried to do some simulair stuff with Milwaukee County Pension funds and Scott Walker and a company called Marquette Associates...This was all happening just about the time that Hurtgen was forced to resign...one must wonder if in those 1,200 taped phone calls the FBI had any of this info.
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